Lodestar Minerals (ASX:LSR) has commenced a review of all drilling, geochemical, and geophysical data gathered from its Earaheedy Project in Western Australia after completing a maiden diamond core drilling program.
The company says findings of all assays, as well as 4,650 samples from numerous geochemical soil sampling programs completed in H2 2023, are expected to be in hand in the next few weeks.
Subject to review conclusions, Lodestar will move forward with planning follow-up exploration for 2024.
The company notes diamond drilling from H2 2023 comprised 3 drillholes for just under 795m and a reverse circulation (RC) hole, which were designed to follow up ‘significant’ gold and copper intersections.
Results from drilling have confirmed the presence of a steep sub-vertical dip of mineralisation and the strike direction parallel to the regional stratigraphy.
Managing Director Ed Turner says the valuable geological and structural information from maiden diamond drilling will ‘significantly aid’ with planning of future exploration programs.
“The maiden three-hole diamond core drilling program at our flagship Earaheedy Project has provided valuable geological and structural information for the first time. This will significantly aid with planning of future exploration programs.
In addition, we have received multi-element assays from 4,650 geochemical soil samples and a review and interpretation of these results is underway. Outcomes from this review will largely determine the planning of 2024 exploration programs.”
Lodestar Minerals is a Western Australia base metals and gold explorer with a portfolio of projects comprising the Earaheedy, Neds Creek, and Coolgardie West projects.
The Earaheedy Project is a major strategic landholding comprising over 1,400km-square in the emerging Earaheedy Province.
The project is located on the northern margin of the prospective Earaheedy Basin and Lodestar now owns some 100km of strike length of the Yelma-Frere unconformity which hosts Rumble Resources’ (ASX:RTR) Chinook deposit on the Earaheedy Basin’s southern margin. The Chinook MRE is 94Mt @ 3.1% Zn+Pb and 4.1g/t Ag.
Write to Adam Drought at Mining.com.au
Images: Lodestar Minerals
